Reference no: EM13123877
1.On April 18, Dice Co. made a short-term investment in 500 common shares of XLT Co. The purchase price is $45 per share and the broker's fee is $150. The intent is to actively manage these shares for profit. On May 30, Dice Co. receives $1 per share from XLT in dividends. Prepare the April 18 and May 30 journal entries to record these transactions.
2.On February 1, 2011, Charo Mendez purchased 6% bonds issued by CR Utilities at a cost of $30,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2011, prepare entries to record Mendez's July 31 receipt of interest and its December 31 year-end interest accrual.
3.Prepare journal entries to record the following transactions involving the short-term securities investments of Maxwell Co., all of which occurred during year 2011.
a. On February 15, paid $100,000 cash to purchase FTR's 90-day short-term debt securities($100,000 principal), dated February 15, that pay 8% interest ( categorized as held-to-maturity securities)
b. On May16, received a check from FTR in payment of the principal and 90 days' interest on the debt securities purchased in transation a.
|
What volume of carbon dioxide is measured
: Propane reacts with excess oxygen to produce carbon dioxide gas and water. What volume of CO2,measured at 27.2 °C and 0.918 atm, is produced from the reaction of 10.1 g propane with excess oxygen.
|
|
Is sample papers large enough to give a good estimate
: Is a sample of 25 papers large enough to provide a good estimate of the mean score of all 42,000 students on this exam problem? Justify your answer.
|
|
Question regarding iteration
: A single line divides a plane into two regions. Two lines (by crossing) can divide a plane into four regions, three lines can divide it into seven regions.
|
|
Find student-s probability of passing if passing is given
: A multiple choice test with 50 questions is given. Each question has four choices. What is the student's probability of passing if passing is at least 60% correct?
|
|
Prepare journal entries to record
: On February 1, 2011, Charo Mendez purchased 6% bonds issued by CR Utilities at a cost of $30,000, which is their par value. The bonds pay interest semiannually on July 31 and January 31. For 2011, prepare entries to record Mendez's July 31 receipt..
|
|
What is the value of the rate constant
: For the reaction, A = B + C, the rate law is k[A]. If it takes 80.0 seconds for 70.0% of a 10.0 gram sample of A to be transformed into products, what is the value of the rate constant.
|
|
Illustrate what accounts and amounts should ramadi credit
: Ramadi uses the cost method to account for its treasury stock transactions. Illustrate what accounts and amounts should Ramadi credit in 2011 to record the reissuance of the 3,000 shares?
|
|
Propose a method of mitigating the problem
: Recommend at least one improvement in the Website's sales order process you would implement to make it more efficient. Then, assess whether the recommendation warrants the benefits to clients versus the cost of implementation for the company. Prov..
|
|
Determining mutually exclusive events
: Decide whether or not the events are mutually exclusive: Having good reading skills and having good math skills.
|